(Persia Digest) – The Managing Director of Iran Khodro automotive said his company has received 150 million euros in damages from Peugeot car makers over the past five years.

Speaking at the opening ceremony for the production of Peugeot 301 pilot project in Iran, Hasehm Yekkeh-Zare’ said: “We had a meeting with Peugeot just before March who said we are not allowed to produce Peugeot 301. We also told them they should not have left Iran and canceled their contract. We will now invest and revive the project ourselves.”

Persia Digest (PD) reports that Peugeot left its contract with Iran Khodro after the unilateral US withdrawal from the 2015 JCPOA nuclear deal and the reinstatement of sanctions on this country.

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Yekkeh-Zare’ has now said that the manufacture of Peugeot 301 without their presence is not in breach of the contract with the French, adding: “We own the Peugeot 301 platform and can manufacture many cars.”

He stated that 300 part makers are engaged in the Peugeot 301 project, reiterating: “80 percent of the parts for Peugeot 301 will be made in Iran by the year-end. The first series of the car will be marketed in April 2020.”

Yekkeh-Zare’ stressed: “In leaving Iran, Peugeot was the loser.”

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